Nearly $100 Million Worth of Positions Liquidated After Trump Omits Crypto in Inauguration Speech
After Donald Trump’s active involvement in the crypto market, including the launch of his own meme coin, market analysts expected him to discuss the future of crypto during his inauguration speech. However, Trump concluded his speech without mentioning cryptocurrency, leading to a decline in Bitcoin’s price to around $100,000 and causing $100 million in total liquidations.
Trump’s Lack of Crypto Mention Not a Full Reversal
During his campaign, Trump won support from top crypto industry leaders by promising to relax U.S. regulations. He vowed to commute Ross Ulbricht’s life sentence, counter “Joe Biden’s crusade to crush crypto,” and prevent the development of a central bank digital currency, citing concerns over government…
